Category Archives: Business

Exclusive: AIG to pursue spin-off of mortgage insurance unit

By Michael Flaherty & Mike Stone (Reuters) – American International Group Inc <AIG.N> has decided to pursue a spin-off of its mortgage insurance business, according to people familiar with the…

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VW China Chief: 'volume isn't everything' in contest with GM

BEIJING (Reuters) – Volkswagen AG's China chief said on Saturday he's optimistic in the company's outlook for this year, saying "volume isn't everything" in the competition with General Motors Co…

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Iran oil minister says proposed OPEC emergency meeting may hurt market

DUBAI (Reuters) – Iran's oil minister said on Friday any emergency meeting of the Organization of Petroleum Exporting Countries would injure the crude oil market if it made no decision…

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Investors look to Fed, earnings for direction next week

By Chuck Mikolajczak NEW YORK (Reuters) – Investors hoping equities can sustain their recent bounce next week will carefully watch the U.S. Federal Reserve's mid-week policy meeting for signs the…

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Exclusive: KPMG withdraws audit opinions on CFTC over accounting error – documents

By Sarah N. Lynch & Lisa Lambert WASHINGTON (Reuters) – The U.S. regulator that polices the complex derivatives markets is struggling to keep its own books in order & has…

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Groups want U.S. to adopt strong broadband privacy rules

By David Shepardson WASHINGTON (Reuters) – A coalition of U.S. groups on Wednesday urged the Federal Communications Commission to write sweeping privacy protections for the nation's broadband users. The groups…

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As leaders chill in Davos, emerging economies going downhill fast

By Sujata Rao DAVOS, Switzerland (Reuters) – More than a trillion dollars of investment flows has fled emerging markets over the past 18 months yet the exodus may not even…

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Market tailspin hastens the economic shock it fears

By Mike Dolan LONDON (Reuters) – One of the biggest worries approximately this month's sudden seizure in world markets is how puzzled investors have been left by it, & how…

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China shares slip as oil slides, outweighing stimulus hopes

By Pete Sweeney & Samuel Shen SHANGHAI (Reuters) – China's volatile stock markets fell more than 1 percent on Wednesday, though mounting chatter approximately imminent policy stimulus provided some support…

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Oil falls 2-3 percent on surplus worries, as U.S. drops toward $27

By Keith Wallis SINGAPORE (Reuters) – Crude futures slumped again in Asian trade on Wednesday, with U.S. oil droppping more than 3 percent toward $27 a barrel & its lowest…

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